Its role Technology / equipment supplier
Oceaneering International, Inc. is a global company specializing in subsea engineering and services for the oil and gas sector. Founded in 1964, it has grown to become a key player in providing advanced technologies such as umbilicals for subsea control and power distribution, as well as ROVs for inspection and intervention tasks.
The company is incorporated in the United States and maintains its principal executive offices in Houston, Texas. It operates through various subsidiaries and has a presence in numerous countries around the world, enabling it to support international offshore projects effectively.
Oceaneering's product portfolio includes custom-engineered umbilicals and cables that are critical for connecting subsea equipment to surface facilities. In the context of gas field developments like the Cronos project in Cyprus, the company supplies these components to ensure reliable operations in deepwater settings.
With a focus on innovation and safety, Oceaneering holds a prominent position in the industry, often partnering with major energy companies such as Eni and TotalEnergies on complex subsea infrastructure projects. Its expertise helps in the execution of high-stakes developments in challenging marine environments.
chemXplore tracks 1 project involving Oceaneering, of which one is active.
1 more active project is in the record. See all 1 in chemXplore →
Main EPC and drilling contracts signed; project targets >3 TCF resources and up to 500 mmscf/d plateau, start-up H1 2028, gas to be processed in Egypt and liquefied at Damietta.
Valued at USD $500–$750M, the deal covers project management, engineering, procurement and installation support, executed from hubs in Houston, Perth, London and Kuala Lumpur.
Double-digit underlying production growth, new JV and project FIDs, entry into critical minerals, and a larger share buyback with slightly higher 2026 production guidance.
Final Investment Decision for Cronos targets first Cypriot gas in 2028; field holds >3 Tcf GIIP and will route gas via Egypt’s Zohr and Damietta for LNG exports.
Cyprus' first gas field will send about 2.8 Mtpa LNG to Europe via Egypt's Damietta terminal; start-up expected 2028 and half the output will be marketed to Europe.
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